Transaction Resources
On May 5, 2026, Flex announced plans to spin off its Cloud and Power Infrastructure business into a separate, publicly traded company. On September 15, 2026, the company unveiled Axiom Solutions International, Inc. (Axiom) as the future company’s name and filed a preliminary Form 10 registration statement with the SEC. Upon completion of the separation, Axiom is expected to trade on Nasdaq under the ticker symbol AXM.
Company Announcements
October 12, 2026
Flex Expands Prefabricated Modular Data Center Portfolio to Accelerate AI Factory Deployment
September 15, 2026
Flex Announces New Company Name for the Planned Cloud and Power Infrastructure Spin-Off and Files Form 10 Registration Statement
September 15, 2026
Flex Announces Expected Flex CFO and Board Composition for Flex and Axiom Following Separation
September 03, 2026
Flex to Acquire EPC Power, Adding Leading Power Conversion Capabilities for AI Data Centers and Grid Applications
July 29, 2026
Flex Announces Leadership Teams for Flex and Planned Cloud and Power Infrastructure Spin-Off (SpinCo)
July 09, 2026
Flex and Cerebras Expand Partnership to Scale American Manufacturing of Cerebras AI Supercomputers
June 25, 2026
JetCool Launches Turnkey Liquid-Cooled Server Solution to Accelerate Enterprise AI Adoption
June 09, 2026
Flex to Join S&P 500 Index
Investor Materials
Knowledge Hub
Infrastructure Forward | The Next AI Bottleneck: Power, Not Compute
Rob Campbell explores the power, cooling, and infrastructure innovations reshaping data centers that can dramatically accelerate deployment.
Infrastructure Forward video series | Powering AI Infrastructure
Chris Butler explores our critical and embedded power portfolio and how we’re helping customers deliver power more efficiently from the grid to the rack.
Infrastructure Forward video series | Solving the AI Power Crunch
Chris Butler explores why traditional power architectures are reaching their limits and how simplifying power distribution can help make AI-scale computing more efficient, scalable, and sustainable.
Infrastructure Forward video series | The 800 VDC Shift
Chris Butler walks through why 800 VDC is emerging as a new industry standard and how it could reshape the entire data center power architecture in the years ahead.
Flex announces intent to spin off Cloud and Power Infrastructure segment
Flex announced intent to create two companies with distinct growth strategies designed to support customers and deliver long‑term value.
Solve the toughest AI data center power, heat, and scale challenges
Integrate power, cooling, and compute with AI data center infrastructure solutions to fuel demanding workloads.
Addressing power, heat, and scaling challenges for data centers
In an interview with EE Times, Michael Hartung discussed Flex’s strategy to improve power, heat, and scaling.
FAQs
Flex (NASDAQ: FLEX) announced its intention to spin off its Cloud and Power Infrastructure segment into a new, independent publicly traded company (Axiom). The transaction is intended to be tax-free to Flex shareholders and is expected to be completed in the first calendar quarter of 2027.
The transaction is expected to be structured as a tax-free spin-off, pursuant to which shares of Axiom would be distributed pro rata to Flex shareholders. Flex expects to retain an ownership interest in Axiom not to exceed 19.9%, at the time of spin. Additional details regarding the transaction, including the share distribution ratio and any retained interest, will be described in future filings Flex will make with the U.S. Securities and Exchange Commission (the “SEC”).
Closing is subject to customary conditions, including final approval by the Flex Board of Directors, requisite approval of Flex shareholders, receipt of a tax opinion from counsel, and the filing and effectiveness of the Form 10 registration statement with the SEC. There can be no assurance that the transaction will be completed on the anticipated timeline or at all.
Flex will continue planning the spin and prepare the Form 10 for filing with the SEC. We plan to provide updates at appropriate milestones, including additional detail on capital structure, leadership, and operating model closer to the transaction date.
As previously announced, Revathi Advaithi is expected to serve as Chief Executive Officer of Axiom and Non-Executive Chairman of Flex for a transitional period. Michael Hartung is expected to serve as Chief Executive Officer of Flex.
Additional expected leadership appointments and executive bios for both companies are available here.
Additional information is available in the Form 10.
Public information related to the transaction will continue to be published on this page.
Visit axiomsolutions.com and follow Axiom on LinkedIn.
Contact Us
For Investor Relations inquiries, contact investorrelations@flex.com.
For Press inquiries, contact press@flex.com.
Legal Disclaimers
Cautionary Statement Regarding Forward-Looking Statements
This websites contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,” “project,” “will,” and similar expressions identify forward-looking statements. These forward-looking statements include, without limitation, statements regarding the planned spin-off of our cloud and power infrastructure business into an independent, publicly traded company; the expected timing of the spin-off and the ability to complete the spin-off; the anticipated benefits of the spin-off, including enhanced strategic focus, financial flexibility, and value creation for shareholders; the expected tax-free treatment of the spin-off for U.S. federal income tax purposes; the expected future performance of each company following completion of the spin-off; management changes and leadership of each company; and statements about business strategies, growth opportunities, market position, and financial outlook for each company. These forward-looking statements are based on current expectations, estimates, and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.
Risks and uncertainties related to the proposed spin-off include, but are not limited to: uncertainties as to whether the spin-off will be completed and the timing thereof; the possibility that various conditions to the completion of the spin-off may not be satisfied or waived; the possibility that the spin-off will not qualify for the expected tax-free treatment for U.S. federal income tax purposes; the risk that the spin-off may be more difficult, time-consuming, or costly than expected, including the impact on Flex Ltd.’s (“Flex”) resources, systems, procedures, and controls; the possibility that the strategic, operational, and financial benefits of the spin-off may not be achieved or may take longer to achieve than expected; the failure to obtain, or delays in obtaining, required legal, regulatory or other approvals necessary to complete the spin-off; disruption from the spin-off, including potential adverse effects on relationships with customers, suppliers, employees, and other business partners; competitive responses to the announcement or completion of the spin-off; diversion of management’s attention from ongoing business operations; the possibility of disputes, litigation, or unanticipated costs in connection with the spin-off; uncertainty regarding the financial performance of either company following the spin-off; negative effects of the announcement or pendency of the spin-off on the market price of Flex’s securities and/or on Flex’s financial performance; the ability to achieve anticipated capital structures, credit ratings, and financing in connection with the spin-off; the ability to retain key personnel; impacts of geopolitical conflicts; and any changes in general economic and/or industry-specific conditions. Additional information concerning risks relating to our business is described under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Annual Report on Form 10-K and in our subsequent filings with the U.S. Securities and Exchange Commission (the “SEC”). All forward-looking statements are made as of the date hereof, and Flex assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
Important Information and Where to Find It
In connection with the proposed spin-off, Flex has filed relevant materials with the SEC, including, among other filings, a proxy statement on Schedule 14A on October 5, 2026. The proxy statement has been mailed or otherwise disseminated to shareholders of Flex seeking their approval of the spin-off-related proposals. In addition, a registration statement on Form 10 (the “Form 10”) has been filed with the SEC by Axiom Solutions International, Inc. (“Axiom”) with respect to its common stock. This website is not a substitute for the proxy statement and Form 10 or any other document that may be filed with the SEC by Flex or Axiom. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT, THE FORM 10 AND ANY OTHER RELEVANT DOCUMENTS THAT HAVE BEEN FILED OR WILL BE FILED BY EACH OF FLEX AND AXIOM WITH THE SEC IN CONNECTION WITH THE PROPOSED SPIN-OFF (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT FLEX, AXIOM, THE PROPOSED SPIN-OFF AND RELATED MATTERS. Investors are able to obtain free copies of the proxy statement and Form 10 and other relevant documents (when they become available) that have been or will be filed by each of Flex and Axiom with the SEC on the SEC’s website at https://www.sec.gov. Investors also are able to obtain free copies of the proxy statement and other relevant documents filed by Flex with the SEC from the investor relations page on Flex’s website at investors.flex.com.
